EFR:TSX; UUUU:NYSE.MKT

Energy Fuels Inc.

Energy Fuels Inc. is one of the largest producers of uranium in the United States, which is highly strategic as the United States is the World’s largest consumer of uranium. The company owns low-cost in situ uranium recovery (ISR) and conventional production operations in the U.S., including the Nichols Ranch ISR Project in Wyoming; the White Mesa Mill in Utah; and the Alta Mesa ISR Project in South Texas. Combined, the Company has over 11.5 million pounds of production capacity in its portfolio. The company also owns several mines on standby and in permitting that it can put into production as uranium prices recover.
EFR:TSX UUUU:NYSE.MKT

Expert Comments:

Analysts watching the uranium market agree that as prices for U3O8 turn around, Energy Fuels' U.S.-based assets, including its conventional and in-situ recovery operations at the Canyon Mine and Nichols Ranch, respectively, make it a good bet for investors. The company's management team and directors must agree because they have upped their share ownership.
read more >
David Talbot, Eight Capital (3/23/17)
"Federal approval for both Energy Fuels Inc.'s Jane Dough well field (the Environmental Protection Agency's aquifer exemption) and an amended license to connect Jane Dough to the Nichols Ranch plant (U.S. Nuclear Regulatory Commission's source material license) are now complete. . .this eliminates permitting-related derisking of its Wyoming in situ recovery (ISR) pipeline for several years and helps low cost ISR production to displace higher cost conventional."

Rob Chang, Cantor Fitzgerald (3/23/17)
"Energy Fuels Inc. has announced that it has received the final amendment to the source material license from the U.S. Nuclear Regulatory Commission allowing for the expansion of the Nichols Ranch in situ recovery project. . .the expansion into Jane Dough allows for future long run production or upside optionality. Note that the total licensed capacity at the Nichols Ranch plant is for 2 Mlb/year."

Eric Coffin, Hard Rock Analyst (3/19/17)
"Energy Fuels Inc. exited 2016 with working capital of $24M including $16.9M in cash and equivalents. . .for 2017, the company estimates uranium production of 350 Klb from its in situ recovery production at Nichols Ranch and 550 Klb from the White Mesa mill from conventional milling, tailings reprocessing and treatment of third party material."

Rob Chang, Uranium Investing News (3/16/17)
"Energy Fuels Inc. is one of our favorite names. It's the best leveraged to the uranium price, in our opinion, the reason being is that it has the capability to produce anywhere between 3 and maybe 7 Mlb, depending on what the uranium price is. . .the company has many assets on standby that can turn on so when the prices go up, it will be in a good position to capitalize."

Joe Reagor, ROTH Capital Partners (3/10/17)
"We believe Energy Fuels Inc. will benefit from industry production cuts and a rising uranium price. . .we believe the Canyon mine could provide significant catalysts for the company throughout 2017. We anticipate Energy Fuels will release an updated technical report on the resource estimate at the project in the middle of this year."

Rob Chang, Cantor Fitzgerald (3/10/17)
"We continue to view Energy Fuels Inc. as our top leverage play to the upcoming uranium recovery. . .during 2016, sales of 1.15 Mlb U3O8 were completed by the company. . .recoveries amounted to 680 Klb U3O8 from White Mesa primarily from alternate feed material along with 335 Klb from Nichols Ranch."

In the wake of announced production cutbacks by Kazakhstan's state-owned uranium mining powerhouse, Kazatomprom, the beleaguered uranium market has seen an upswing.
read more >
Uranium has risen 30% from the very low prices of late last year and a trio of analysts agrees that Energy Fuels is in position to take advantage of a rising price environment.
read more >

More Expert Comments

Experts Following This Company

Rob Chang, Senior Analyst and Head of Metals & Mining – Cantor Fitzgerald
Eric Coffin, Owner – HRA Advisory
Brent Cook, Analyst, Geologist Exploration Insights
Colin Healey, Analyst – Haywood Securities
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Joe Mazumdar Exploration Insights
Joe Reagor, Analyst – ROTH Capital Partners
David Talbot, Vice President, Senior Analyst – Eight Capital

The information provided above is from analysts, newsletters, the company and other contributors.

Energy Fuels Inc. is a sponsor of Streetwise Reports. The company's sponsorship fees pay for Streetwise Reports to create and update this "Investor Summary Page," to which links are placed on Streetwise Reports' websites and newsletters. Streetwise Reports does not accept stock for the payment of fees. See disclaimer for more details.

The company description, investing highlights and catalyst calendar on this page were prepared by the company. The Expert Comments and Experts Following This Company sections of this page are compiled by Streetwise Reports. There may be other information about the company that is not placed on this page. Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on this page.

Streetwise Reports does not provide investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security.Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

Readers should conduct their own research for all information publicly available concerning the company.